ABSTRACT. Budget crises are now routine. Some countries are drowning in debt, others are on the brink. We consider several explanations and suggest some remedies. (Some of these matters have been discussed in various previously aired venues, such as Machan’s book The Morality of Business [Springer Verlag, 2006] and his The Promise of Liberty [Lexington Books, 2008].) pp. 169–176

Keywords: tragedy of the commons; public choice theory; the calculation problem; top-down planning

How to cite: Machan, Tibor R., and James Chesher (2016), “Government Budget Crises,” Geopolitics, History, and International Relations 8(1): 169–176.

Received 27 August 2015 • Received in revised form 18 September 2015
Accepted 18 September 2015 • Available online 1 October 2015

doi:10.22381/GHIR8120167